VGPMX Performance — Vanguard Global Capital Cycles Fund, Investor Shares
Data updated: 2026-09-28
VGPMX returned +16.38% year to date and +56.05% over one year to Jul 2026. Annualised returns are +27.34% over 3 years and +20.54% over 5 years. The fund beat its Global Mid-Cap Value category average: $100 invested three years ago grew to $207, against $155 for the category, and to $156 over one year, against $126. Volatility over the past three years was 15.20% a year. In the 12 months to Jul 2026 the fund took in a net $826.4M, and assets reached $3.74B.
VGPMX Growth of $100
What $100 invested in Vanguard Global Capital Cycles Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Mid-Cap Value category average over the same months.
| Period | VGPMX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $156 | $126 |
| 3 years (Aug 2023 – Jul 2026) | $207 | $155 |
| 5 years (Aug 2021 – Jul 2026) | $255 | $175 |
| Since data start (Aug 2019 – Jul 2026) | $363 | $211 |
VGPMX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +16.38% |
| 1 year | +56.05% |
| 3 years (annualised) | +27.34% |
| 5 years (annualised) | +20.54% |
VGPMX Annual Returns
Calendar-year total returns of Vanguard Global Capital Cycles Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +16.38% |
| 2025 | +65.92% |
| 2024 | +5.79% |
| 2023 | +10.03% |
| 2022 | +7.39% |
| 2021 | +19.49% |
| 2020 | +17.21% |
| 2019 (Aug–Dec) | +7.30% |
VGPMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.8% | +6.6% | −7.9% | +5.9% | +3.3% | −4.5% | +3.3% | — | — | — | — | — |
| 2025 | +3.9% | +3.4% | +2.7% | +1.5% | +5.9% | +5.7% | −1.3% | +6.8% | +11.7% | +2.4% | +4.8% | +4.8% |
| 2024 | −4.2% | +2.3% | +6.9% | +0.5% | +3.7% | −2.3% | +3.5% | +1.5% | +2.4% | −2.1% | −0.7% | −5.2% |
| 2023 | +8.1% | −5.7% | +3.3% | +0.9% | −6.5% | +5.4% | +3.9% | −4.0% | −2.6% | −1.5% | +6.4% | +3.1% |
| 2022 | +2.0% | +5.9% | +4.1% | −7.0% | +4.0% | −10.8% | +1.6% | −2.8% | −5.9% | +5.8% | +12.6% | 0.0% |
| 2021 | +0.1% | +6.2% | +1.6% | +4.4% | +3.8% | −4.1% | +1.0% | +0.6% | −2.2% | +4.1% | −1.4% | +4.4% |
| 2020 | −4.3% | −7.7% | −15.4% | +13.4% | +5.0% | +3.5% | +8.4% | +4.0% | −3.0% | −3.3% | +10.6% | +9.0% |
| 2019 | — | — | — | — | — | — | — | −0.3% | +0.5% | +2.1% | −0.4% | +5.2% |
VGPMX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.20%
- 3-year Sharpe ratio: 1.50 (vs 4.5% risk-free rate)
- Best month: +11.69% (Sep 2025)
- Worst month: −7.85% (Mar 2026)
VGPMX Fund Flows
Monthly money in and out of Vanguard Global Capital Cycles Fund, from SEC Form N-PORT.
- 12-month net flow: $826.4M
- 12-month gross sales (incl. reinvestments): $1.8B
- Sales ÷ redemptions: 1.82×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $41.1M | $99.8M | −$58.8M |
| Jun 2026 | $48.4M | $135.4M | −$87.0M |
| May 2026 | $71.4M | $123.2M | −$51.8M |
| Apr 2026 | $116.6M | $103.1M | $13.5M |
| Mar 2026 | $159.3M | $211.5M | −$52.2M |
| Feb 2026 | $335.4M | $70.5M | $264.9M |
| Jan 2026 | $411.9M | $60.4M | $351.5M |
| Dec 2025 | $248.9M | $43.3M | $205.6M |
| Nov 2025 | $89.3M | $43.8M | $45.5M |
| Oct 2025 | $144.6M | $67.6M | $77.0M |
| Sep 2025 | $121.7M | $27.3M | $94.4M |
| Aug 2025 | $50.4M | $26.6M | $23.9M |
VGPMX Assets Under Management
Net assets of Vanguard Global Capital Cycles Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $3.74B |
| 2026-04-30 | $3.86B |
| 2026-01-31 | $3.55B |
| 2025-10-31 | $2.47B |
| 2025-07-31 | $1.85B |
| 2025-04-30 | $1.61B |
| 2025-01-31 | $1.43B |
| 2024-10-31 | $1.50B |
| 2024-07-31 | $1.49B |
| 2024-04-30 | $1.42B |
| 2024-01-31 | $1.33B |
| 2023-10-31 | $1.32B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.